Crypto.com Launches Tool to Simplify Crypto Taxes
Crypto.com has launched a free service it says reduces the complexity of filing cryptocurrency tax returns.
- In a blog post Wednesday, the Hong Kong-headquartered exchange said its new tool provides “an estimation of taxable gains/losses on relevant crypto transactions,” which can be downloaded for tax filing.
- Users can import transaction records from supported exchanges and wallets via CSV files or using API synchronization where supported.
- Initially, the service is only available in Canada but will later be rolled out to other jurisdictions.
- When that happens, the tool will use country-specific tax calculation formulas.
- “We worked with professional tax advisers to ensure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in Canada,” said Crypto.com.
Recommended News
-
Bitfury’s Deep Ploughing on Blockchain Mining · Coinbasis Plan Launched
Australian Bitcoin mining hardware giant Bitfury is set to expand its industry into distributed storage. FlashFX, AgriDigital and Othera will also jointly deploy the distributed storage ecological field, create the establishment and trading of distributed storage financial derivatives, and create super servers with the world’s top three server manufacturers. With the massive growth of global data. Privacy security and access speed have become the most critical issues in data storage. Bitfury and his partners plan to develop a decentralized distributed storage, data sharding and data encryption platform without downtime. Through…
-
Coinfans Cloud hashrate leads the digital mining Bitcoin bull market feast
Cloud hashrate mining has become the mining choice of more and more miners in the past two years. Especially in the current period when currency prices continue to soar and break new highs continuously, Cloud hashrate mining has become an important magic weapon to seize the Bitcoin bull market. Cloud hashrate mining, as the name suggests, usually refers to the computing power leasing service provided by large mining farms. Miners users can purchase computing power contracts on the mining platform, thereby earning the bitcoins mined by the corresponding computing power. www.bi-fans.com…
-
MCA-Base settlement currency to replace usdt/usdc
The rise of cryptocurrencies makes Defi (decentralized finance) become a powerful digital economy, while the reliance on the US dollar makes it an intricate network of risks. In addition, the trade in cryptocurrencies in many cases also relies on stablecoins pegged to the US dollar. (Due to its better stability compared to other tokens, holders believe it has the same purchasing power over time. However, it is a common myth that the devaluation of the dollar US dollar controlled by the Federal Reserve will also cause a devaluation of the…
-
DeFiMEX first global DEFI options contract exchange
DeFiMEX is building a new DEFI options contract exchange with an innovative DEFI straddle arbitrage mechanism. The system currently supports trading of options contracts in the mainstream DEFI currencies. DeFiMEX will step into the new wind of the blockchain era, focusing on the new DEFI financial track with a top technical team, UNI Foundation participation and global operations. DeFiMEX will step into the new wind of blockchain era, focusing on the layout of DEFI new financial track, top technical team, UNI Foundation participation, global operation. The DeFi options contract is…
-
The Node: Beeple Sold Out. So What?
Not long after Mike Winkelmann, aka Beeple, received his $53 million in ether (ETH, +3.76%) (ETH) for selling a non-fungible token (NFT) through Christie’s (after fees), he reportedly converted the cryptocurrency into fiat. What was seen as a vote of confidence for this new technological medium – it was the third-largest art sale ever, right behind Jeff Koons’ “Rabbit” and David Hockney’s “Portrait of an Artist (Pool With Two Figures)” – might now be seen as a betrayal. He quite literally sold out. Beeple told The New Yorker on Monday, “I’m not remotely a crypto-purist. I was…
-
Blockchain+ energy, IEA is born strong
The rapid growth of the earth’s population and the industrialization of developing countries are pushing global energy demand to unprecedented levels. The world’s energy dependence on fossil fuels such as coal, oil, and natural gas poses a major risk to the environment and is one of the main factors causing adverse climate change. With these challenges, new approaches to energy production and distribution are needed. The solution must support dynamic and sustainable global growth, for which the IEA came into being. The IEA Foundation was established by the Japanese IEA…
-
Ripple Acquires 40% Stake in Asia Cross Border Payments Firm Tranglo
Cryptocurrency company Ripple has acquired a large stake in an Asia-based cross-border payments specialist in order to meet the growing customer demand. Ripple said Tuesday that it has agreed to acquire a 40% stake in Tranglo for the purpose of expanding its RippleNet On-Demand Liquidity service, according to a press release. Tranglo is a cross-border money and prepaid credit transaction hub providing businesses and individuals the ability to transfer payments globally, according to its website. Southeast Asia’s payments landscape is “highly fragmented,” Ripple said in the release. Each country possesses its…
-
After August 30, 2022, the reward rules for users participating in TSwap node PK will be changed
According to the latest news from the TSwap official website: The LAX+USDT liquidity pool will be tested globally from June 1 to June 6, 2022. If the liquidity pool is tested to be functional, it will be officially launched. The users can obtain the token of ecological value TJC by adding liquidity. In fact, most of the community users are expecting the LAX+USDT liquidity pool, and they want to participate in the liquidity pool plan, which will accelerate the development of TSwap ecology. With the rapid ecological development, the consensus…
-
Major supporter of the world-class fighting championship, CoinW, witnessed the new champion of Kunlun Fight!
The Madinat Arena in Dubai was packed to the rafters at the night of June 25, 2022, as thousands of Kunlun Fight fans gathered to witness the most intense night of combat in the history of the Kunlun Fight. Sponsored by CoinW, the world’s leading cryptocurrency exchange, the Kunlun Fight & Chan FC World Fighting Championships, brought international fighters from France, Italy, Belarus, Turkey, Iran and many other countries to present a blood-curdling feast for the senses, to fight fans. The Fighting Championship CoinW witnessed the new champion of…
-
A New Blockchain Financial System – MIGO
As the core behind the Internet 3.0 era, blockchain technology has been increasingly accepted by mainstream institutions. The global economy has slowed down on its growth, but the digital economy is still ushering in exponential growth, with a number of digital currencies such as Bitcoin entering a new bull market. The new bull market is not just about the growth of assets and value. Digital assets have formed a new financial model through the immutable and decentralized nature of blockchain. Right now, how to truly combine blockchain technology with physical commerce has become an important question to ponder, so as to ensure the success and authenticity of the new financial model. A New Financial System The advent…
